A bill to assist States in repaying debts to the unemployment compensation loan fund incurred during the current recession and to extend the period in which such debts must be repaid.
State Unemployment Compensation Debt Repayment Act - Increases the rate of the Federal unemployment tax for calendar years 1976 through 1980 from 3.2 to 3.5 percent.
Provides that the entire amount of such increase shall be credited to the Federal unemployment account and shall operate to reduce amounts owed by the States to such account.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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